MasterCard is facing damages claims that could reach as much as £19 billion for alleged illegal card charges between 1992 and 2008.

It is claimed the global company made shops pay higher fees than they should have when customers purchased goods using their credit cards.

The fees – called “interchange” – are often included into the price of the item, with experts saying shops charge more for products to cover the fees.

It’s alleged MasterCard had a role in driving up prices for consumers through these excessive charges.

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